Mehri Shadman Sells 17,240 Shares of Under Armour, Inc. (NYSE:UA) Stock

Under Armour, Inc. (NYSE:UA) insider Mehri Shadman sold 17,240 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $8.76, for a total transaction of $151,022.40. Following the transaction, the insider now owns 182,538 shares in the company, valued at approximately $1,599,032.88. This trade represents a 8.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Mehri Shadman also recently made the following trade(s):

• On Monday, November 18th, Mehri Shadman sold 9,639 shares of Under Armour stock. The stock was sold at an average price of $8.81, for a total transaction of $84,919.59.

Under Armour Stock Down 2.9 %

Shares of UA opened at $8.57 on Wednesday. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of -214.25 and a beta of 1.64. Under Armour, Inc. has a 52 week low of $6.02 and a 52 week high of $10.62. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 2.18. The business’s fifty day moving average price is $8.12 and its two-hundred day moving average price is $7.32.

Institutional Trading of Under Armour

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC grew its position in shares of Under Armour by 31.1% during the 2nd quarter. CWM LLC now owns 12,628 shares of the company’s stock worth $82,000 after buying an additional 2,995 shares during the period. Resonant Capital Advisors LLC increased its stake in Under Armour by 16.2% in the 2nd quarter. Resonant Capital Advisors LLC now owns 25,705 shares of the company’s stock valued at $168,000 after buying an additional 3,582 shares during the last quarter. Summit Financial Strategies Inc. increased its position in shares of Under Armour by 24.9% in the second quarter. Summit Financial Strategies Inc. now owns 19,415 shares of the company’s stock valued at $127,000 after acquiring an additional 3,868 shares during the last quarter. SFG Wealth Management LLC. increased its holdings in Under Armour by 20.8% during the third quarter. SFG Wealth Management LLC. now owns 23,200 shares of the company’s stock worth $194,000 after buying an additional 4,000 shares during the last quarter. Finally, Profit Investment Management LLC raised its stake in Under Armour by 0.7% in the second quarter. Profit Investment Management LLC now owns 569,878 shares of the company’s stock valued at $3,721,000 after buying an additional 4,009 shares during the period. 36.35% of the stock is currently owned by institutional investors and hedge funds.

About Under Armour

Under Armour, Inc, together with its subsidiaries, develops, markets, and distributes performance apparel, footwear, and accessories for men, women, and youth. The company provides its apparel in compression, fitted, and loose fit types. It also offers footwear products for running, training, basketball, cleated sports, recovery, and outdoor applications.